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Please help by explaining The Thakor Corporation's purchases from suppliers in a quarter are equal to 80 percent of the next quarter's forecasted sales. The

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The Thakor Corporation's purchases from suppliers in a quarter are equal to 80 percent of the next quarter's forecasted sales. The payables period is60 days. Wages, taxes, and other expenses are 20 percent of sales, and interest and dividends are $80 per quarter. No capital expenditures are planned.

Projected quarterly sales are:

Q1 Q2 Q3 Q4

Sales $ 2,280 $ 2,580 $ 2,280 $ 1,980

Sales for the first quarter of the following year are projected at $2,610. Calculate the company's cash outlays by completing the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Q1 Q2 Q3 Q4

Payment of accounts $_____ $ _____ $ _____ $ ____

Wages, taxes, other expenses ____ ____ ____ _____

Long-term financing expenses

(interest and dividends) _____ _____ ______ _____

Total $ ______ $_____ $_______ $ _____

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